Is South African Entrepreneurship in decline?

I’m conflicted over this report. The percentage of adult South Africans involved in starting a business has plunged by 34%.
On the one hand, I want to rail against the system that saddles entrepreneurs with unworkable tax burdens, restrictive employment & business practices and bureaucracy that doesn’t do enough, but wastes money on window-dressing entrepreneurship.

On the other hand I’m shocked at the sense of entitlement and lack of basic business principles that some aspiring entrepreneurs seem to have.

Gone is the passionate work ethic, replaced by chasing the ‘perfect startup dream’ and buying into the fantasy stories of mega-ipo’s and stellar valuations.